Tax Credits

Vermont Seed Capital Fund-
32 V.S.A. § 5830b

Purpose: Increase amount of investment capital available to new Vermont firms or to existing Vermont firms for the purpose of expansion.

Credit Amount: The first $5 million of capitalization contributed by taxpayers on or before January 1, 2014.

Credit Limitation:
Lesser of 4% of contribution or 50% of tax liability prior to allowance of this credit. There is a four year carryforward. Maximum aggregate credit 20% of contribution. Credit is nontransferable except from an involuntary transfer of interest in the credit.